Put contracts in an unusually large $387.00K block on March 10th, 2023 at 09:36:49 ET block (sq) was purchased with a strike price of $70.00/share, which expires in 42 days (on April 21, 2023). Fintail tracks all large options trades, and the premium incurred on this trade was 1.46 sigma above average, placing it in the 92.72 percentile of all recent large trades executed in SQ Options.
This trade was first picked up on Fintel Realtime unusual option trade
Tools, where unusual option trades are highlighted.
Analyst Price Forecast Indicates 35.19% Upside
By March 10, 2023, average one year price target $99.77 for the block. Predictions range from a low of $70.70 to a high of $171.15. The average price target represents an upside of 35.19% from its latest reported closing price of $73.80.
see our Leaderboard of companies With the biggest price target on the upside.
The estimated annual revenue for the block is $20,826MM, an increase of 18.79%. Estimated Annual Non-GAAP eps
is $1.72.
What is Fund Sentiment?
there are 1613 Reporting of funding or institution positions in block. This is a decrease of 11 owners or 0.68% from the previous quarter. average portfolio weight of all funds 0.53% dedicated to SQ, an increase of 20.08%. The total shares owned by institutions increased by 4.83% to 432,161K shares in the last three months. put/call ratio The SQ is 1.06, indicating a bearish outlook.
What are the big shareholders doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
The company holds 16,329K shares representing 2.71% ownership. In its prior filing, the firm reported representing 15,774K shares.
a hike
of 3.40%. Firm
increased
Its portfolio allocation in SQ stands at 9.24% as compared to the previous quarter.
Sands Capital Management
The company holds 15,756K shares representing 2.61% ownership. In its prior filing, the firm reported representing 15,878K shares.
fall short
of 0.77%. Firm
increased
Its portfolio allocation in SQ stands at 14.16% as compared to the previous quarter.
Wellington Management Group LLP
The company holds 13,428K shares representing 2.23% ownership. In its prior filing, the firm reported holdings representing 11,884K shares.
a hike
of 11.50%. Firm
increased
Its portfolio allocation in SQ has increased by 21.56% as compared to the previous quarter.
Fisher Asset Management
The company holds 11,360K shares representing 1.88% ownership. In its prior filing, the firm reported representing 4,568K shares.
a hike
of 59.79%. Firm
increased
Its portfolio allocation in SQ has increased by 156.28% as compared to the previous quarter.
Capital World Investors
The company holds 9,382K shares representing 1.56% ownership. In its prior filing, the firm reported representing 9,381K shares.
a hike
of 0.01%. Firm
increased
Its portfolio allocation in SQ stands at 8.52% as compared to the previous quarter.
block background information
(This description is provided by the company.)
Square, Inc. Creates tools to empower businesses and individuals to participate in the economy. Sellers use Square to reach buyers and manage their business online and in person. Square has offices in the United States, Canada, Japan, Australia, Ireland, Spain and the UK.
This story originally appeared on fintail,
The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.